TIANJIN PHARMACEUTICAL DA REN TANG GROUP CORPORATION LIMITED — Annual Report 2025
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| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-Current Assets | |||||
| Property, plant and equipmentChinese yuan thousands | 1,133,999 | 1,386,801 | 914,299 | 1,041,001 | PDF p. 76 |
| Investment propertiesChinese yuan thousands | 110,367 | 11,279 | 110,367 | 11,279 | PDF p. 76 |
| Right-of-use assetsChinese yuan thousands | 7,548 | 6,645 | 1,861 | – | PDF p. 76 |
| Land use rightsChinese yuan thousands | 224,507 | 243,681 | 191,776 | 197,727 | PDF p. 76 |
| Intangible assetsChinese yuan thousands | 86,639 | 106,235 | 78,966 | 49,723 | PDF p. 76 |
| SubsidiariesChinese yuan thousands | – | – | 933,404 | 1,048,534 | PDF p. 76 |
| AssociatesChinese yuan thousands | 1,165,662 | 1,293,528 | 1,165,662 | 1,293,528 | PDF p. 76 |
| Deferred tax assetsChinese yuan thousands | 341,007 | 314,400 | 315,253 | 287,789 | PDF p. 76 |
| Other financial assetsChinese yuan thousands | 1,427,139 | 771,961 | 1,273,018 | 578,146 | PDF p. 76 |
| Other assetsChinese yuan thousands | 38,347 | 26,031 | 30,762 | 24,078 | PDF p. 76 |
| SubtotalChinese yuan thousands | 4,535,215 | 4,160,561 | 5,015,368 | 4,531,805 | PDF p. 76 |
| Current Assets | |||||
| InventoriesChinese yuan thousands | 1,132,968 | 1,285,687 | 1,026,147 | 1,154,187 | PDF p. 76 |
| Trade and other receivablesChinese yuan thousands | 1,603,694 | 1,324,889 | 1,456,156 | 1,146,740 | PDF p. 76 |
| Other financial assetsChinese yuan thousands | 3,316,008 | 1,000,072 | 3,191,129 | 968,039 | PDF p. 76 |
| Other assetsChinese yuan thousands | 85,422 | 52,981 | 66,133 | 36,774 | PDF p. 76 |
| Cash and cash equivalentsChinese yuan thousands | 1,016,427 | 2,944,433 | 765,339 | 2,736,763 | PDF p. 76 |
| SubtotalChinese yuan thousands | 7,154,519 | 6,608,062 | 6,504,904 | 6,042,503 | PDF p. 76 |
| Total assetsChinese yuan thousands | 11,689,734 | 10,768,623 | 11,520,272 | 10,574,308 | PDF p. 76 |
| EQUITY | |||||
| Capital and Reserves Share capitalChinese yuan thousands | 770,094 | 770,094 | 770,094 | 770,094 | PDF p. 76 Label p. 76 |
| Share premiumChinese yuan thousands | 1,206,930 | 1,206,930 | 1,206,930 | 1,206,930 | PDF p. 76 |
| Retained earningsChinese yuan thousands | 5,002,346 | 5,743,776 | 4,681,566 | 5,531,353 | PDF p. 76 |
| Other reservesChinese yuan thousands | 120,129 | 122,794 | 534,778 | 537,637 | PDF p. 76 |
| Equity attributable to owners | |||||
| Equity attributable to owners of the companyChinese yuan thousands | 7,099,499 | 7,843,594 | 7,193,368 | 8,046,014 | PDF p. 76 Label p. 76 |
| Non-controlling interestsChinese yuan thousands | 446 | 6,344 | – | – | PDF p. 76 |
| Total equityChinese yuan thousands | 7,099,945 | 7,849,938 | 7,193,368 | 8,046,014 | PDF p. 76 |
| Non-Current Liabilities | |||||
| Deferred tax liabilitiesChinese yuan thousands | 276 | 6,038 | – | – | PDF p. 76 |
| Trade and other payablesChinese yuan thousands | 2,399 | 3,539 | 2,259 | 3,361 | PDF p. 76 |
| Lease liabilitiesChinese yuan thousands | 4,658 | 5,603 | 510 | – | PDF p. 76 |
| Other liabilitiesChinese yuan thousands | 76,018 | 85,671 | 63,067 | 60,806 | PDF p. 76 |
| SubtotalChinese yuan thousands | 83,351 | 100,851 | 65,836 | 64,167 | PDF p. 76 |
| Current Liabilities | |||||
| Income tax payableChinese yuan thousands | 29,216 | 297,569 | 25,192 | 281,485 | PDF p. 76 |
| Trade and other payablesChinese yuan thousands | 4,212,730 | 2,309,877 | 3,991,547 | 1,983,867 | PDF p. 76 |
| Lease liabilitiesChinese yuan thousands | 3,125 | 1,329 | 1,190 | – | PDF p. 76 |
| Other financial liabilitiesChinese yuan thousands | 57,903 | 21,653 | 48,864 | 19,653 | PDF p. 76 |
| Other liabilitiesChinese yuan thousands | 203,464 | 187,406 | 194,275 | 179,122 | PDF p. 76 |
| SubtotalChinese yuan thousands | 4,506,438 | 2,817,834 | 4,261,068 | 2,464,127 | PDF p. 76 |
| Total liabilitiesChinese yuan thousands | 4,589,789 | 2,918,685 | 4,326,904 | 2,528,294 | PDF p. 76 |
| Total equity and liabilitiesChinese yuan thousands | 11,689,734 | 10,768,623 | 11,520,272 | 10,574,308 | PDF p. 76 |
Original report: PDF p. 76 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated profit / comprehensive income — FY2025 source | |||
| RevenueChinese yuan thousands | 4,917,336 | 7,306,736 | PDF p. 77 |
| Cost of salesChinese yuan thousands | (1,357,623) | (3,861,821) | PDF p. 77 |
| Gross ProfitChinese yuan thousands | 3,559,713 | 3,444,915 | PDF p. 77 |
| Interest incomeChinese yuan thousands | 41,838 | 28,777 | PDF p. 77 |
| Dividend incomeChinese yuan thousands | 242 | 80 | PDF p. 77 |
| Other income and gainsChinese yuan thousands | 1,650,633 | 1,790,021 | PDF p. 77 |
| Marketing and distribution expensesChinese yuan thousands | (2,025,611) | (1,999,975) | PDF p. 77 |
| Research and development expensesChinese yuan thousands | (189,808) | (162,378) | PDF p. 77 |
| Administrative expensesChinese yuan thousands | (402,602) | (477,298) | PDF p. 77 |
| Finance costsChinese yuan thousands | (968) | (30,638) | PDF p. 77 |
| Other lossesChinese yuan thousands | (164,300) | (182,929) | PDF p. 77 |
| Share of results of equity-accounted associates, net of taxChinese yuan thousands | 18,315 | 168,208 | PDF p. 77 |
| Profit before taxChinese yuan thousands | 2,487,452 | 2,578,783 | PDF p. 77 |
| Tax expenseChinese yuan thousands | (376,702) | (363,564) | PDF p. 77 |
| Profit for the yearChinese yuan thousands | 2,110,750 | 2,215,219 | PDF p. 77 |
| Items that may be reclassified subsequently to profit or loss: | |||
| Other reserve reclassified to profit or loss upon disposal of equity interests in an associate, net of taxChinese yuan thousands | (600) | (650) | PDF p. 77 Label p. 77 |
| Items that will not be reclassified subsequently to profit or loss: | |||
| Change in fair value of equity investments measured at FVOCI, net of taxChinese yuan thousands | (78) | (233) | PDF p. 77 Label p. 77 |
| Share of other comprehensive loss from equity-accounted associates, net of taxChinese yuan thousands | (2,181) | (6,523) | PDF p. 77 Label p. 77 |
| Other comprehensive income for the yearChinese yuan thousands | (2,859) | (7,406) | PDF p. 77 |
| Total comprehensive income for the yearChinese yuan thousands | 2,107,891 | 2,207,813 | PDF p. 77 |
| Profit for the year attributable to: Owners of the CompanyChinese yuan thousands | 2,131,022 | 2,229,335 | PDF p. 77 Label p. 77 |
| Non-controlling interestsChinese yuan thousands | (20,272) | (14,116) | PDF p. 77 |
| Profit for the yearChinese yuan thousands | 2,110,750 | 2,215,219 | PDF p. 77 |
| Total comprehensive income attributable to: | |||
| Owners of the CompanyChinese yuan thousands | 2,128,163 | 2,221,929 | PDF p. 77 |
| Non-controlling interestsChinese yuan thousands | (20,272) | (14,116) | PDF p. 77 |
| Total comprehensive income for the yearChinese yuan thousands | 2,107,891 | 2,207,813 | PDF p. 77 |
Original report: PDF p. 77 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Total comprehensive income attributable to: | |||
| Profit per share attributable to owners of the Company Basic and diluted (RMB per share)Chinese yuan per share | 2.77 | 2.90 | PDF p. 77 Label p. 77 |
Original report: PDF p. 77 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group — Share capital | 2025Group — Share premium | 2025Group — Other reserves | 2025Group — Retained earnings | 2025Group — Equity attributable to owners | 2025Group — Non-controlling interests | 2025Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Group equity movements — FY2025 source | ||||||||
| At 1 January 2025Chinese yuan thousands | 770,094 | 1,206,930 | 122,794 | 5,743,776 | 7,843,594 | 6,344 | 7,849,938 | PDF p. 78 |
| Profit for the yearChinese yuan thousands | – | – | – | 2,131,022 | 2,131,022 | (20,272) | 2,110,750 | PDF p. 78 |
| Other reserve reclassified to profit or loss upon disposal of equity interests in an associate, net of taxChinese yuan thousands | – | – | (600) | – | (600) | – | (600) | PDF p. 78 Label p. 78 |
| Change in fair value of equity investments measured at FVOCI, net of taxChinese yuan thousands | – | – | (78) | – | (78) | – | (78) | PDF p. 78 Label p. 78 |
| Share of other comprehensive income from equity-accounted associates, net of taxChinese yuan thousands | – | – | (2,181) | – | (2,181) | – | (2,181) | PDF p. 78 Label p. 78 |
| Total other comprehensive lossChinese yuan thousands | – | – | (2,859) | – | (2,859) | – | (2,859) | PDF p. 78 |
| Total comprehensive (loss)/ incomeChinese yuan thousands | – | – | (2,859) | 2,131,022 | 2,128,163 | (20,272) | 2,107,891 | PDF p. 78 Label p. 78 |
| Contributions by and distributions | ||||||||
| Dividends (Note 32)Chinese yuan thousands | – | – | – | (2,872,452) | (2,872,452) | – | (2,872,452) | PDF p. 78 |
| Liquidation of subsidiary with non-controlling interests (Note 9(b))Chinese yuan thousands | – | – | 194 | – | 194 | 14,374 | 14,568 | PDF p. 78 Label p. 78 |
| Total transactions with ownersChinese yuan thousands | – | – | 194 | (2,872,452) | (2,872,258) | 14,374 | (2,857,884) | PDF p. 78 |
| At 31 December 2025Chinese yuan thousands | 770,094 | 1,206,930 | 120,129 | 5,002,346 | 7,099,499 | 446 | 7,099,945 | PDF p. 78 |
Original report: PDF p. 78 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group — Share capital | 2024Group — Share premium | 2024Group — Other reserves | 2024Group — Retained earnings | 2024Group — Equity attributable to owners | 2024Group — Non-controlling interests | 2024Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Contributions by and distributions | ||||||||
| At 1 January 2024Chinese yuan thousands | 770,158 | 1,207,326 | 130,224 | 4,500,020 | 6,607,728 | 44,546 | 6,652,274 | PDF p. 78 |
| Profit for the yearChinese yuan thousands | – | – | – | 2,229,335 | 2,229,335 | (14,116) | 2,215,219 | PDF p. 78 |
| Other reserve reclassified to profit or loss upon partial disposal of equity interests in an associate, net of taxChinese yuan thousands | – | – | (650) | – | (650) | – | (650) | PDF p. 78 Label p. 78 |
| Change in fair value of equity investments measured at FVOCI, net of taxChinese yuan thousands | – | – | (233) | – | (233) | – | (233) | PDF p. 78 Label p. 78 |
| Share of other comprehensive income from equity-accounted associates, net of taxChinese yuan thousands | – | – | (6,523) | – | (6,523) | – | (6,523) | PDF p. 78 Label p. 78 |
| Total other comprehensive incomeChinese yuan thousands | – | – | (7,406) | – | (7,406) | – | (7,406) | PDF p. 78 |
| Total comprehensive incomeChinese yuan thousands | – | – | (7,406) | 2,229,335 | 2,221,929 | (14,116) | 2,207,813 | PDF p. 78 |
| Dividends (Note 32)Chinese yuan thousands | – | – | – | (985,803) | (985,803) | – | (985,803) | PDF p. 78 |
| Dividends paid to non-controlling interests (Note 32)Chinese yuan thousands | – | – | – | – | – | (4,980) | (4,980) | PDF p. 78 Label p. 78 |
| Disposal of subsidiaries with non-controlling interests (Note 9(a))Chinese yuan thousands | – | – | – | – | – | (19,106) | (19,106) | PDF p. 78 Label p. 78 |
| Net reversal of share-based payments (Note 17)Chinese yuan thousands | – | – | (24) | – | (24) | – | (24) | PDF p. 78 Label p. 78 |
| Repurchase and cancellation of Restricted A-SharesChinese yuan thousands | (64) | (396) | – | 224 | (236) | – | (236) | PDF p. 78 Label p. 78 |
| Total transactions with ownersChinese yuan thousands | (64) | (396) | (24) | (985,579) | (986,063) | (24,086) | (1,010,149) | PDF p. 78 |
| At 31 December 2024Chinese yuan thousands | 770,094 | 1,206,930 | 122,794 | 5,743,776 | 7,843,594 | 6,344 | 7,849,938 | PDF p. 78 |
Original report: PDF p. 78 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company — Share capital | 2025Company — Share premium | 2025Company — Other reserves | 2025Company — Retained earnings | 2025Company — Total equity | Source |
|---|---|---|---|---|---|---|
| Company equity movements — FY2025 source | ||||||
| At 1 January 2025Chinese yuan thousands | 770,094 | 1,206,930 | 537,637 | 5,531,353 | 8,046,014 | PDF p. 79 |
| Profit for the yearChinese yuan thousands | – | – | – | 2,022,665 | 2,022,665 | PDF p. 79 |
| Other reserve reclassified to profit or loss upon partial disposal of associate, net of taxChinese yuan thousands | – | – | (600) | – | (600) | PDF p. 79 Label p. 79 |
| Change in fair value of equity investments measured at FVOCI, net of taxChinese yuan thousands | – | – | (78) | – | (78) | PDF p. 79 Label p. 79 |
| Share of other comprehensive income from equity-accounted associates, net of taxChinese yuan thousands | – | – | (2,181) | – | (2,181) | PDF p. 79 Label p. 79 |
| Total comprehensive incomeChinese yuan thousands | – | – | (2,859) | 2,022,665 | 2,019,806 | PDF p. 79 |
| Contributions by and distributions | ||||||
| Dividends (Note 32)Chinese yuan thousands | – | – | – | (2,872,452) | (2,872,452) | PDF p. 79 |
| Total transactions with ownersChinese yuan thousands | – | – | – | (2,872,452) | (2,872,452) | PDF p. 79 |
| At 31 December 2025Chinese yuan thousands | 770,094 | 1,206,930 | 534,778 | 4,681,566 | 7,193,368 | PDF p. 79 |
Original report: PDF p. 79 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Company — Share capital | 2024Company — Share premium | 2024Company — Other reserves | 2024Company — Retained earnings | 2024Company — Total equity | Source |
|---|---|---|---|---|---|---|
| Contributions by and distributions | ||||||
| At 1 January 2024Chinese yuan thousands | 770,158 | 1,207,326 | 545,067 | 4,456,460 | 6,979,011 | PDF p. 79 |
| Profit for the yearChinese yuan thousands | – | – | – | 2,060,472 | 2,060,472 | PDF p. 79 |
| Other reserve reclassified to profit or loss upon partial disposal of associate, net of taxChinese yuan thousands | – | – | (650) | (650) | PDF p. 79 Label p. 79 | |
| Change in fair value of equity investments measured at FVOCI, net of taxChinese yuan thousands | – | – | (233) | – | (233) | PDF p. 79 Label p. 79 |
| Share of other comprehensive income from equity-accounted associates, net of taxChinese yuan thousands | – | – | (6,523) | – | (6,523) | PDF p. 79 Label p. 79 |
| Total comprehensive incomeChinese yuan thousands | – | – | (7,406) | 2,060,472 | 2,053,066 | PDF p. 79 |
| Dividends (Note 32)Chinese yuan thousands | – | – | – | (985,803) | (985,803) | PDF p. 79 |
| Net reversal of share-based payments (Note 17)Chinese yuan thousands | – | – | (24) | – | (24) | PDF p. 79 Label p. 79 |
| Repurchase and cancellation of Restricted A-SharesChinese yuan thousands | (64) | (396) | – | 224 | (236) | PDF p. 79 Label p. 79 |
| Total transactions with ownersChinese yuan thousands | (64) | (396) | (24) | (985,579) | (986,063) | PDF p. 79 |
| At 31 December 2024Chinese yuan thousands | 770,094 | 1,206,930 | 537,637 | 5,531,353 | 8,046,014 | PDF p. 79 |
Original report: PDF p. 79 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before taxChinese yuan thousands | 2,487,452 | 2,578,783 | PDF p. 80 |
| Adjustments for: | |||
| Bargain purchase gain on acquisition of additional equity interests in an associateChinese yuan thousands | – | (5,852) | PDF p. 80 Label p. 80 |
| Depreciation and amortisation of property, plant and equipment, investment properties, right-of-use assets, land use rights, intangible assets and other non-current assetsChinese yuan thousands | 125,037 | 128,212 | PDF p. 80 Label p. 80 |
| Dividend incomeChinese yuan thousands | (242) | (80) | PDF p. 80 |
| ECL allowance for trade and other receivablesChinese yuan thousands | 8,320 | 50,096 | PDF p. 80 |
| Elimination of unrealised profits arising from transactions with associatesChinese yuan thousands | 40,281 | – | PDF p. 80 Label p. 80 |
| Gain on disposal of an associateChinese yuan thousands | (1,542,929) | (1,709,262) | PDF p. 80 |
| Gain on disposal of land use rightsChinese yuan thousands | (3,487) | – | PDF p. 80 |
| Gain on lease modificationChinese yuan thousands | (176) | – | PDF p. 80 |
| Gain on liquidation of a subsidiaryChinese yuan thousands | (17,374) | – | PDF p. 80 |
| Impairment of goodwillChinese yuan thousands | 12,301 | 53,610 | PDF p. 80 |
| Impairment of property, plant and equipmentChinese yuan thousands | 75,223 | 60,155 | PDF p. 80 |
| Impairment of land use rightsChinese yuan thousands | 3,276 | – | PDF p. 80 |
| Impairment of intangible assetsChinese yuan thousands | 26,711 | – | PDF p. 80 |
| Interest incomeChinese yuan thousands | (41,838) | (28,777) | PDF p. 80 |
| Interest expenseChinese yuan thousands | 968 | 30,638 | PDF p. 80 |
| Investment income on debts instruments at amortised costChinese yuan thousands | (66,868) | (30,237) | PDF p. 80 |
| Loss/(gain) on disposal of property, plant and equipmentChinese yuan thousands | 832 | (73) | PDF p. 80 |
| Net reversal of share-based paymentsChinese yuan thousands | – | (24) | PDF p. 80 |
| Property, plant and equipment written offChinese yuan thousands | 196 | – | PDF p. 80 |
| Share of results of equity-accounted associates, net of taxChinese yuan thousands | (18,315) | (168,208) | PDF p. 80 |
| Write-down of inventories to net realisable valueChinese yuan thousands | 34,988 | 17,555 | PDF p. 80 |
| Operating profit before working capital changesChinese yuan thousands | 1,124,356 | 976,536 | PDF p. 80 |
| Changes in working capital: | |||
| – InventoriesChinese yuan thousands | 117,731 | (30,958) | PDF p. 80 |
| – Trade and other receivablesChinese yuan thousands | (227,915) | (26,241) | PDF p. 80 |
| – Other assetsChinese yuan thousands | (54,134) | 52,486 | PDF p. 80 |
| – Trade and other payablesChinese yuan thousands | 131,669 | (19,459) | PDF p. 80 |
| – Cash restricted in useChinese yuan thousands | – | 127,814 | PDF p. 80 |
| – Other liabilitiesChinese yuan thousands | 6,405 | 17,689 | PDF p. 80 |
| Cash generated from operationsChinese yuan thousands | 1,098,112 | 1,097,867 | PDF p. 80 |
| Tax paidChinese yuan thousands | (678,881) | (201,972) | PDF p. 80 |
| Net cash generated from operating activitiesChinese yuan thousands | 419,231 | 895,895 | PDF p. 80 |
| Cash flows from investing activities | |||
| Additions to other financial assetsChinese yuan thousands | (5,945,000) | (1,160,963) | PDF p. 80 |
| Capital contribution into an associateChinese yuan thousands | (31,707) | (211,824) | PDF p. 80 |
| Capital distribution from an associateChinese yuan thousands | 8,182 | 5,280 | PDF p. 80 |
| Disposal of subsidiaries, net of cash disposedChinese yuan thousands | – | (347,800) | PDF p. 80 |
| Dividend income from associates and other financial assetsChinese yuan thousands | 14,642 | 354,168 | PDF p. 80 |
| Interest income receivedChinese yuan thousands | 62,500 | 31,200 | PDF p. 80 |
| Proceeds from disposal of property, plant and equipmentChinese yuan thousands | 391 | 79 | PDF p. 80 |
| Proceeds from disposal of land use rightsChinese yuan thousands | 12,200 | – | PDF p. 80 |
| Proceeds from disposal of an associateChinese yuan thousands | 1,623,466 | 1,758,755 | PDF p. 80 |
| Proceeds from redemption of other financial assetsChinese yuan thousands | 3,020,000 | 60,000 | PDF p. 80 |
| Purchase of property, plant and equipment and intangible assetsChinese yuan thousands | (130,813) | (117,813) | PDF p. 80 |
| Net cash (used in)/generated from investing activitiesChinese yuan thousands | (1,366,139) | 371,082 | PDF p. 80 |
Original report: PDF p. 80 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from financing activities | |||
| Interest expense paidChinese yuan thousands | (101) | (28,375) | PDF p. 81 |
| Dividends paidChinese yuan thousands | (981,185) | (982,214) | PDF p. 81 |
| Dividends paid to non-controlling interestsChinese yuan thousands | – | (4,980) | PDF p. 81 |
| Proceeds from bank loansChinese yuan thousands | 5,000 | 1,221,071 | PDF p. 81 |
| Repayment of lease liabilitiesChinese yuan thousands | (2,595) | (5,103) | PDF p. 81 |
| Repayments of bank loansChinese yuan thousands | (2,000) | (520,005) | PDF p. 81 |
| Repurchase of restricted A-SharesChinese yuan thousands | – | (282) | PDF p. 81 |
| Net cash used in financing activitiesChinese yuan thousands | (980,881) | (319,888) | PDF p. 81 |
| Net (decrease)/increase in cash and cash equivalentsChinese yuan thousands | (1,927,789) | 947,089 | PDF p. 81 |
| Cash and cash equivalents at beginning of the yearChinese yuan thousands | 2,944,433 | 1,997,386 | PDF p. 81 |
| Effect of foreign exchange rate changes on cash and cash equivalentsChinese yuan thousands | (217) | (42) | PDF p. 81 |
| Cash and cash equivalents at end of the yearChinese yuan thousands | 1,016,427 | 2,944,433 | PDF p. 81 |
Original report: PDF p. 81 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group EPS calculation inputs — Note31 | |||
| Profit for the year attributable to owners of the CompanyChinese yuan thousands | 2,131,022 | 2,229,335 | PDF p. 152 |
| Weighted average number of ordinary sharesthousands of ordinary shares | 770,094 | 770,149 | PDF p. 152 |
Original report: PDF p. 152 ↗
No potentially dilutive ordinary shares exist; basic and diluted EPS are the same. Shares are counts, not RMB amounts.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company — original Cents per share / RMB rate column | 2024Group and Company — original Cents per share / RMB rate column | Source |
|---|---|---|---|
| Original dividend rate columns — Note32 | |||
| Final dividends for the year endedPrinted header: Cents per share; RMB | 1.28 | 1.28 | PDF p. 153 |
| Interim dividends for the year endedPrinted header: Cents per share; RMB | 2.45 | – | PDF p. 153 |
| SubtotalPrinted header: Cents per share; RMB | 3.73 | 1.28 | PDF p. 153 |
Original report: PDF p. 153 ↗
Original rate header prints Cents per share and RMB while literal values are1.28/2.45/3.73. The contradictory/ambiguous rate-unit wording is retained without a conversion or inferred replacement. Separate cash columns explicitly useRMBthousands. Final paid relates toFY2024(comparativeFY2023); interim paid relates toFY2025.
Proposed final is explicitlyRMB23.4per10shares, approximatelyRMB1,802,020,793, proposed30March2026 and not recognised as a liability pending shareholder approval. The proposed amount and rate are distinct from current paid/declared amounts and financing cash dividends.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company — cash dividends RMBthousands | 2024Group and Company — cash dividends RMBthousands | Source |
|---|---|---|---|
| Dividends to owners — cash amounts Note32 | |||
| Final dividends for the year endedChinese yuan thousands | 985,721 | 985,803 | PDF p. 153 |
| Interim dividends for the year endedChinese yuan thousands | 1,886,731 | – | PDF p. 153 |
| SubtotalChinese yuan thousands | 2,872,452 | 985,803 | PDF p. 153 |
Original report: PDF p. 153 ↗
Original rate header prints Cents per share and RMB while literal values are1.28/2.45/3.73. The contradictory/ambiguous rate-unit wording is retained without a conversion or inferred replacement. Separate cash columns explicitly useRMBthousands. Final paid relates toFY2024(comparativeFY2023); interim paid relates toFY2025.
Proposed final is explicitlyRMB23.4per10shares, approximatelyRMB1,802,020,793, proposed30March2026 and not recognised as a liability pending shareholder approval. The proposed amount and rate are distinct from current paid/declared amounts and financing cash dividends.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Proposed final dividend forFY2025 —decision30March2026 | Source |
|---|---|---|
| Proposed final dividend — Note32 | ||
| proposed a final dividend amounting toChinese yuan | 1,802,020,793 | PDF p. 153 |
| RMB23.4 for every 10 sharesChinese yuan per10shares | 23.4 | PDF p. 153 |
Original report: PDF p. 153 ↗
Original rate header prints Cents per share and RMB while literal values are1.28/2.45/3.73. The contradictory/ambiguous rate-unit wording is retained without a conversion or inferred replacement. Separate cash columns explicitly useRMBthousands. Final paid relates toFY2024(comparativeFY2023); interim paid relates toFY2025.
Proposed final is explicitlyRMB23.4per10shares, approximatelyRMB1,802,020,793, proposed30March2026 and not recognised as a liability pending shareholder approval. The proposed amount and rate are distinct from current paid/declared amounts and financing cash dividends.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group — CAS statutory financial statements | 2025Group — Reconciliation to IFRS | 2025Group — IFRS financial statements | Source |
|---|---|---|---|---|
| Equity | ||||
| Share premiumChinese yuan thousands | – | 1,206,930 | 1,206,930 | PDF p. 162 |
| Retained earningsChinese yuan thousands | 4,893,598 | 108,748 | 5,002,346 | PDF p. 162 |
| Other reservesChinese yuan thousands | 1,435,807 | (1,315,678) | 120,129 | PDF p. 162 |
Original report: PDF p. 162 ↗
Original Note37 reclassifications of retained earnings, share premium and other reserves. The report explicitly says no financial impact on total comprehensive income and net assets of Group/Company at the reporting date.
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| Metric / unit | 2024Group — CAS statutory financial statements | 2024Group — Reconciliation to IFRS | 2024Group — IFRS financial statements | Source |
|---|---|---|---|---|
| Equity | ||||
| Share premiumChinese yuan thousands | – | 1,206,930 | 1,206,930 | PDF p. 162 |
| Retained earningsChinese yuan thousands | 5,635,028 | 108,748 | 5,743,776 | PDF p. 162 |
| Other reservesChinese yuan thousands | 1,438,472 | (1,315,678) | 122,794 | PDF p. 162 |
Original report: PDF p. 162 ↗
Original Note37 reclassifications of retained earnings, share premium and other reserves. The report explicitly says no financial impact on total comprehensive income and net assets of Group/Company at the reporting date.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company — CAS statutory financial statements | 2025Company — Reconciliation to IFRS | 2025Company — IFRS financial statements | Source |
|---|---|---|---|---|
| Equity | ||||
| Share premiumChinese yuan thousands | – | 1,206,930 | 1,206,930 | PDF p. 162 |
| Retained earningsChinese yuan thousands | 4,650,566 | 31,000 | 4,681,566 | PDF p. 162 |
| Other reservesChinese yuan thousands | 1,772,708 | (1,237,930) | 534,778 | PDF p. 162 |
Original report: PDF p. 162 ↗
Original Note37 reclassifications of retained earnings, share premium and other reserves. The report explicitly says no financial impact on total comprehensive income and net assets of Group/Company at the reporting date.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Company — CAS statutory financial statements | 2024Company — Reconciliation to IFRS | 2024Company — IFRS financial statements | Source |
|---|---|---|---|---|
| Equity | ||||
| Share premiumChinese yuan thousands | – | 1,206,930 | 1,206,930 | PDF p. 162 |
| Retained earningsChinese yuan thousands | 5,500,353 | 31,000 | 5,531,353 | PDF p. 162 |
| Other reserveChinese yuan thousands | 1,775,567 | (1,237,930) | 537,637 | PDF p. 162 |
Original report: PDF p. 162 ↗
Original Note37 reclassifications of retained earnings, share premium and other reserves. The report explicitly says no financial impact on total comprehensive income and net assets of Group/Company at the reporting date.
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| Metric / unit | 2023Group | 2022Group | 2023Company | 2022Company | Source |
|---|---|---|---|---|---|
| Non-Current Assets | |||||
| Property, plant and equipmentChinese yuan thousands | 1,434,742 | 1,461,594 | 980,909 | 987,931 | PDF p. 79 |
| Investment propertiesChinese yuan thousands | 13,029 | 14,099 | 12,299 | 13,321 | PDF p. 79 |
| Right-of-use assetsChinese yuan thousands | 6,769 | 2,994 | – | – | PDF p. 79 |
| Land use rightsChinese yuan thousands | 251,739 | 204,021 | 203,677 | 152,096 | PDF p. 79 |
| Intangible assetsChinese yuan thousands | 144,997 | 172,802 | 19,216 | 17,257 | PDF p. 79 |
| SubsidiariesChinese yuan thousands | – | – | 1,652,454 | 1,536,265 | PDF p. 79 |
| AssociatesChinese yuan thousands | 882,307 | 760,193 | 882,307 | 760,193 | PDF p. 79 |
| Deferred tax assetsChinese yuan thousands | 265,993 | 208,352 | 232,063 | 179,689 | PDF p. 79 |
| Other financial assetsChinese yuan thousands | 622,812 | 41,272 | 560,873 | 321 | PDF p. 79 |
| Other assetsChinese yuan thousands | 56,039 | 46,210 | 51,293 | 40,550 | PDF p. 79 |
| SubtotalChinese yuan thousands | 3,678,427 | 2,911,537 | 4,595,091 | 3,687,623 | PDF p. 79 |
| Current Assets | |||||
| InventoriesChinese yuan thousands | 1,566,518 | 1,429,452 | 1,123,625 | 785,984 | PDF p. 79 |
| Trade and other receivablesChinese yuan thousands | 2,686,929 | 2,785,117 | 2,042,065 | 2,337,302 | PDF p. 79 |
| Other financial assetsChinese yuan thousands | 61,699 | 40,615 | – | – | PDF p. 79 |
| Other assetsChinese yuan thousands | 111,329 | 107,736 | 34,623 | 14,377 | PDF p. 79 |
| Cash and cash equivalentsChinese yuan thousands | 2,125,200 | 2,882,524 | 1,441,871 | 2,075,925 | PDF p. 79 |
| SubtotalChinese yuan thousands | 6,551,675 | 7,245,444 | 4,642,184 | 5,213,588 | PDF p. 79 |
| Total assetsChinese yuan thousands | 10,230,102 | 10,156,981 | 9,237,275 | 8,901,211 | PDF p. 79 |
| EQUITY | |||||
| Capital and Reserves Share capitalChinese yuan thousands | 770,158 | 773,443 | 770,158 | 773,443 | PDF p. 79 Label p. 79 |
| Share premiumChinese yuan thousands | 1,207,326 | 1,228,740 | 1,207,326 | 1,228,740 | PDF p. 79 |
| Retained earningsChinese yuan thousands | 4,500,020 | 4,372,462 | 4,456,460 | 4,275,060 | PDF p. 79 |
| Other reservesChinese yuan thousands | 130,224 | 176,564 | 545,067 | 559,241 | PDF p. 79 |
| Equity attributable to owners | |||||
| Equity attributable to owners of the companyChinese yuan thousands | 6,607,728 | 6,551,209 | 6,979,011 | 6,836,484 | PDF p. 79 Label p. 79 |
| Non-controlling interestsChinese yuan thousands | 44,546 | 30,493 | – | – | PDF p. 79 |
| Total equityChinese yuan thousands | 6,652,274 | 6,581,702 | 6,979,011 | 6,836,484 | PDF p. 79 |
| Non-Current Liabilities | |||||
| Deferred tax liabilitiesChinese yuan thousands | 7,333 | 8,818 | – | – | PDF p. 79 |
| Trade and other payablesChinese yuan thousands | 8,149 | 10,091 | 5,749 | 9,005 | PDF p. 79 |
| Lease liabilitiesChinese yuan thousands | 2,743 | 871 | – | – | PDF p. 79 |
| Other financial liabilitiesChinese yuan thousands | 241,035 | 151,300 | 241,035 | 123,310 | PDF p. 79 |
| Other liabilitiesChinese yuan thousands | 92,682 | 100,513 | 57,879 | 55,379 | PDF p. 79 |
| SubtotalChinese yuan thousands | 351,942 | 271,593 | 304,663 | 187,694 | PDF p. 79 |
| Current Liabilities | |||||
| Income tax payableChinese yuan thousands | 76,678 | 93,280 | 52,373 | 76,138 | PDF p. 79 |
| Trade and other payablesChinese yuan thousands | 2,890,284 | 2,885,422 | 1,759,115 | 1,516,835 | PDF p. 79 |
| Lease liabilitiesChinese yuan thousands | 3,564 | 4,097 | – | – | PDF p. 79 |
| Other financial liabilitiesChinese yuan thousands | 81,800 | 101,639 | – | 80,531 | PDF p. 79 |
| Other liabilitiesChinese yuan thousands | 173,560 | 219,248 | 142,113 | 203,529 | PDF p. 79 |
| SubtotalChinese yuan thousands | 3,225,886 | 3,303,686 | 1,953,601 | 1,877,033 | PDF p. 79 |
| Total liabilitiesChinese yuan thousands | 3,577,828 | 3,575,279 | 2,258,264 | 2,064,727 | PDF p. 79 |
| Total equity and liabilitiesChinese yuan thousands | 10,230,102 | 10,156,981 | 9,237,275 | 8,901,211 | PDF p. 79 |
Original report: PDF p. 79 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Consolidated profit / comprehensive income — FY2023 source | |||
| RevenueChinese yuan thousands | 8,222,312 | 8,249,250 | PDF p. 78 |
| Cost of salesChinese yuan thousands | (4,683,129) | (5,032,282) | PDF p. 78 |
| Gross ProfitChinese yuan thousands | 3,539,183 | 3,216,968 | PDF p. 78 |
| Interest incomeChinese yuan thousands | 54,642 | 56,125 | PDF p. 78 |
| Dividend incomeChinese yuan thousands | 100 | – | PDF p. 78 |
| Other income and gainsChinese yuan thousands | 39,949 | 102,385 | PDF p. 78 |
| Marketing and distribution expensesChinese yuan thousands | (2,126,435) | (1,969,265) | PDF p. 78 |
| Research and development expensesChinese yuan thousands | (184,629) | (153,147) | PDF p. 78 |
| Administrative expensesChinese yuan thousands | (400,360) | (388,355) | PDF p. 78 |
| Finance costsChinese yuan thousands | (24,589) | (13,158) | PDF p. 78 |
| Other lossesChinese yuan thousands | (97,075) | (67,977) | PDF p. 78 |
| Share of results of equity-accounted associates, net of taxChinese yuan thousands | 294,577 | 196,613 | PDF p. 78 |
| Profit before taxChinese yuan thousands | 1,095,363 | 980,189 | PDF p. 78 |
| Tax expenseChinese yuan thousands | (126,658) | (106,931) | PDF p. 78 |
| Profit for the yearChinese yuan thousands | 968,705 | 873,258 | PDF p. 78 |
| Items that will not be reclassified subsequently to profit or loss: | |||
| Change in fair value of equity investments at FVOCI, net of taxChinese yuan thousands | 39 | (944) | PDF p. 78 |
| Share of other comprehensive income from equity-accounted associates, net of taxChinese yuan thousands | 4,767 | 6,995 | PDF p. 78 Label p. 78 |
| Other comprehensive income for the yearChinese yuan thousands | 4,806 | 6,051 | PDF p. 78 |
| Total comprehensive income for the yearChinese yuan thousands | 973,511 | 879,309 | PDF p. 78 |
| Profit for the year attributable to: Owners of the CompanyChinese yuan thousands | 986,707 | 861,794 | PDF p. 78 Label p. 78 |
| Non-controlling interestsChinese yuan thousands | (18,002) | 11,464 | PDF p. 78 |
| Profit for the yearChinese yuan thousands | 968,705 | 873,258 | PDF p. 78 |
| Total comprehensive income attributable to: | |||
| Owners of the CompanyChinese yuan thousands | 991,513 | 867,845 | PDF p. 78 |
| Non-controlling interestsChinese yuan thousands | (18,002) | 11,464 | PDF p. 78 |
| Total comprehensive income for the yearChinese yuan thousands | 973,511 | 879,309 | PDF p. 78 |
Original report: PDF p. 78 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Total comprehensive income attributable to: | |||
| Profit per share attributable to owners of the Company Basic and diluted (RMB per share)Chinese yuan per share | 1.28 | 1.11 | PDF p. 78 Label p. 78 |
Original report: PDF p. 78 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group — Share capital | 2023Group — Share premium | 2023Group — Other reserves | 2023Group — Retained earnings | 2023Group — Equity attributable to owners | 2023Group — Non-controlling interests | 2023Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Group equity movements — FY2023 source | ||||||||
| At 1 January 2023Chinese yuan thousands | 773,443 | 1,228,740 | 176,564 | 4,372,462 | 6,551,209 | 30,493 | 6,581,702 | PDF p. 80 |
| Profit for the yearChinese yuan thousands | – | – | – | 986,707 | 986,707 | (18,002) | 968,705 | PDF p. 80 |
| Change in fair value of equity investments at FVOCI, net of taxChinese yuan thousands | – | – | 39 | – | 39 | – | 39 | PDF p. 80 Label p. 80 |
| Share of other comprehensive income from equity-accounted associates, net of taxChinese yuan thousands | – | – | 4,767 | – | 4,767 | – | 4,767 | PDF p. 80 Label p. 80 |
| Total other comprehensive incomeChinese yuan thousands | – | – | 4,806 | – | 4,806 | – | 4,806 | PDF p. 80 |
| Total comprehensive incomeChinese yuan thousands | – | – | 4,806 | 986,707 | 991,513 | (18,002) | 973,511 | PDF p. 80 |
| Contributions by and distributions to | ||||||||
| Dividends (Note 32)Chinese yuan thousands | – | – | – | (862,679) | (862,679) | – | (862,679) | PDF p. 80 |
| Acquisition of non-controlling interest without change in control (Note 9(b)) and contribution from non-controlling interestsChinese yuan thousands | – | – | (32,166) | – | (32,166) | 32,055 | (111) | PDF p. 80 Label p. 80 |
| Net reversal of share-based payments (Note 17)Chinese yuan thousands | – | – | (18,980) | – | (18,980) | – | (18,980) | PDF p. 80 Label p. 80 |
| Repurchase and cancellation of Restricted A-SharesChinese yuan thousands | (3,285) | (21,414) | – | 3,530 | (21,169) | – | (21,169) | PDF p. 80 Label p. 80 |
| Total transactions with ownersChinese yuan thousands | (3,285) | (21,414) | (51,146) | (859,149) | (934,994) | 32,055 | (902,939) | PDF p. 80 |
| At 31 December 2023Chinese yuan thousands | 770,158 | 1,207,326 | 130,224 | 4,500,020 | 6,607,728 | 44,546 | 6,652,274 | PDF p. 80 |
Original report: PDF p. 80 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group — Share capital | 2022Group — Share premium | 2022Group — Other reserves | 2022Group — Retained earnings | 2022Group — Equity attributable to owners | 2022Group — Non-controlling interests | 2022Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Contributions by and distributions to | ||||||||
| At 1 January 2022Chinese yuan thousands | 773,443 | 1,228,740 | 504,077 | 3,890,250 | 6,396,510 | 149,352 | 6,545,862 | PDF p. 80 |
| Profit for the yearChinese yuan thousands | – | – | – | 861,794 | 861,794 | 11,464 | 873,258 | PDF p. 80 |
| Change in fair value of equity investments at FVOCI, net of taxChinese yuan thousands | – | – | (944) | – | (944) | – | (944) | PDF p. 80 Label p. 80 |
| Share of other comprehensive income from equity-accounted associates, net of taxChinese yuan thousands | – | – | 6,995 | – | 6,995 | – | 6,995 | PDF p. 80 Label p. 80 |
| Total other comprehensive incomeChinese yuan thousands | – | – | 6,051 | – | 6,051 | – | 6,051 | PDF p. 80 |
| Total comprehensive incomeChinese yuan thousands | – | – | 6,051 | 861,794 | 867,845 | 11,464 | 879,309 | PDF p. 80 |
| Dividends (Note 32)Chinese yuan thousands | – | – | – | (386,721) | (386,721) | – | (386,721) | PDF p. 80 |
| Distribution to non-controlling interests (Note 32)Chinese yuan thousands | – | – | – | – | – | (14,965) | (14,965) | PDF p. 80 Label p. 80 |
| De-recognition of equity instruments at FVOCIChinese yuan thousands | – | – | (7,139) | 7,139 | – | – | – | PDF p. 80 Label p. 80 |
| Acquisition of non-controlling interests without change in control (Note 9(b))Chinese yuan thousands | – | – | (323,976) | – | (323,976) | (126,024) | (450,000) | PDF p. 80 Label p. 80 |
| Acquisition of a subsidiary (Note 9(a))Chinese yuan thousands | – | – | (9,274) | – | (9,274) | 10,666 | 1,392 | PDF p. 80 |
| Share-based payments (Note 17)Chinese yuan thousands | – | – | 6,825 | – | 6,825 | – | 6,825 | PDF p. 80 |
| Total transactions with ownersChinese yuan thousands | – | – | (333,564) | (379,582) | (713,146) | (130,323) | (843,469) | PDF p. 80 |
| At 31 December 2022Chinese yuan thousands | 773,443 | 1,228,740 | 176,564 | 4,372,462 | 6,551,209 | 30,493 | 6,581,702 | PDF p. 80 |
Original report: PDF p. 80 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Company — Share capital | 2023Company — Share premium | 2023Company — Other reserves | 2023Company — Retained earnings | 2023Company — Total equity | Source |
|---|---|---|---|---|---|---|
| Company equity movements — FY2023 source | ||||||
| At 1 January 2023Chinese yuan thousands | 773,443 | 1,228,740 | 559,241 | 4,275,060 | 6,836,484 | PDF p. 81 |
| Profit for the yearChinese yuan thousands | – | – | – | 1,040,549 | 1,040,549 | PDF p. 81 |
| Change in fair value of equity investments at FVOCI, net of taxChinese yuan thousands | – | – | 39 | – | 39 | PDF p. 81 Label p. 81 |
| Share of other comprehensive income from equity-accounted associates, net of taxChinese yuan thousands | – | – | 4,767 | – | 4,767 | PDF p. 81 Label p. 81 |
| Total comprehensive incomeChinese yuan thousands | – | – | 4,806 | 1,040,549 | 1,045,355 | PDF p. 81 |
| Contributions by and distributions | ||||||
| Dividends (Note 32)Chinese yuan thousands | – | – | – | (862,679) | (862,679) | PDF p. 81 |
| Net reversal of share-based payments (Note 17)Chinese yuan thousands | – | – | (18,980) | – | (18,980) | PDF p. 81 Label p. 81 |
| Repurchase and cancellation of Restricted A-SharesChinese yuan thousands | (3,285) | (21,414) | – | 3,530 | (21,169) | PDF p. 81 Label p. 81 |
| Total transactions with ownersChinese yuan thousands | (3,285) | (21,414) | (18,980) | (859,149) | (902,828) | PDF p. 81 |
| At 31 December 2023Chinese yuan thousands | 770,158 | 1,207,326 | 545,067 | 4,456,460 | 6,979,011 | PDF p. 81 |
Original report: PDF p. 81 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company — Share capital | 2022Company — Share premium | 2022Company — Other reserves | 2022Company — Retained earnings | 2022Company — Total equity | Source |
|---|---|---|---|---|---|---|
| Contributions by and distributions | ||||||
| At 1 January 2022Chinese yuan thousands | 773,443 | 1,228,740 | 553,504 | 3,818,874 | 6,374,561 | PDF p. 81 |
| Profit for the yearChinese yuan thousands | – | – | – | 835,768 | 835,768 | PDF p. 81 |
| Change in fair value of equity investments at FVOCI, net of taxChinese yuan thousands | – | – | (944) | – | (944) | PDF p. 81 Label p. 81 |
| Share of other comprehensive income from equity-accounted associates, net of taxChinese yuan thousands | – | – | 6,995 | – | 6,995 | PDF p. 81 Label p. 81 |
| Total comprehensive incomeChinese yuan thousands | – | – | 6,051 | 835,768 | 841,819 | PDF p. 81 |
| Dividends (Note 32)Chinese yuan thousands | – | – | – | (386,721) | (386,721) | PDF p. 81 |
| De-recognition of equity instruments at FVOCIChinese yuan thousands | – | – | (7,139) | 7,139 | – | PDF p. 81 Label p. 81 |
| Share-based payments (Note 17)Chinese yuan thousands | – | – | 6,825 | – | 6,825 | PDF p. 81 |
| Total transactions with ownersChinese yuan thousands | – | – | (314) | (379,582) | (379,896) | PDF p. 81 |
| At 31 December 2022Chinese yuan thousands | 773,443 | 1,228,740 | 559,241 | 4,275,060 | 6,836,484 | PDF p. 81 |
Original report: PDF p. 81 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before taxChinese yuan thousands | 1,095,363 | 980,188 | PDF p. 82 |
| Adjustments for: | |||
| Interest incomeChinese yuan thousands | (54,642) | (56,125) | PDF p. 82 |
| Interest expenseChinese yuan thousands | 24,589 | 13,158 | PDF p. 82 |
| Dividend incomeChinese yuan thousands | (100) | – | PDF p. 82 |
| Gain on re-measurement of fair value of previously-held equity interestsChinese yuan thousands | – | (72,010) | PDF p. 82 Label p. 82 |
| Investment income on debts instruments at amortised costChinese yuan thousands | (13,430) | (5,597) | PDF p. 82 |
| Share of results from equity-accounted associatesChinese yuan thousands | (294,577) | (196,613) | PDF p. 82 |
| Depreciation and amortisation of property, plant and equipment, investment property, right-of-use assets, land use rights, intangible assets and other non-current assetsChinese yuan thousands | 133,154 | 120,669 | PDF p. 82 Label p. 82 |
| Net losses/(gains) on disposal of property, plant and equipment and intangible assetsChinese yuan thousands | 481 | (671) | PDF p. 82 Label p. 82 |
| Impairment of property, plant and equipmentChinese yuan thousands | 24,951 | 180 | PDF p. 82 |
| Write-down of inventories to net realisable valueChinese yuan thousands | 28,130 | 36,122 | PDF p. 82 |
| ECL allowance for trade and other receivablesChinese yuan thousands | 23,295 | 2,496 | PDF p. 82 |
| Impairment on goodwillChinese yuan thousands | 18,782 | 19,571 | PDF p. 82 |
| (Net reversal of share-based payments)/Share-based paymentsChinese yuan thousands | (18,980) | 6,825 | PDF p. 82 |
| Operating profit before working capital changesChinese yuan thousands | 967,016 | 848,193 | PDF p. 82 |
| Changes in working capital: | |||
| – InventoriesChinese yuan thousands | (165,338) | 58,873 | PDF p. 82 |
| – Trade and other receivablesChinese yuan thousands | 90,456 | (737,508) | PDF p. 82 |
| – Other assetsChinese yuan thousands | (16,448) | 5,216 | PDF p. 82 |
| – Trade and other payablesChinese yuan thousands | (28,840) | 694,948 | PDF p. 82 |
| – Cash restricted in useChinese yuan thousands | 43,177 | (170,991) | PDF p. 82 |
| – Other liabilitiesChinese yuan thousands | (53,519) | 3,028 | PDF p. 82 |
| Cash generated from operationsChinese yuan thousands | 836,504 | 701,759 | PDF p. 82 |
| Tax paidChinese yuan thousands | (202,658) | (80,638) | PDF p. 82 |
| Net cash generated from operating activitiesChinese yuan thousands | 633,846 | 621,121 | PDF p. 82 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipment, intangible assets and land use rightsChinese yuan thousands | (140,928) | (107,902) | PDF p. 82 Label p. 82 |
| Proceeds from disposals of property, plant and equipment and intangible assetsChinese yuan thousands | 186 | 1,488 | PDF p. 82 Label p. 82 |
| Acquisition of a subsidiary, net of cash acquiredChinese yuan thousands | – | (47,611) | PDF p. 82 |
| Acquisition of additional equity interests in subsidiaryChinese yuan thousands | – | (450,000) | PDF p. 82 |
| Acquisition of other financial assetsChinese yuan thousands | (630,000) | (80,000) | PDF p. 82 |
| Deposit paid for acquisition of interests in an associateChinese yuan thousands | (26,000) | – | PDF p. 82 |
| Proceeds from disposals and redemption of other financial assetsChinese yuan thousands | 49,649 | 464,924 | PDF p. 82 |
| Interest income receivedChinese yuan thousands | 55,494 | 89,871 | PDF p. 82 |
| Dividend income from associates and other financial assets measured at FVOCIChinese yuan thousands | 177,330 | 173,075 | PDF p. 82 Label p. 82 |
| Net cash (used in)/generated from investing activitiesChinese yuan thousands | (514,269) | 43,845 | PDF p. 82 |
Original report: PDF p. 82 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Cash flows from financing activities | |||
| Contribution from non-controlling interestsChinese yuan thousands | 2,880 | – | PDF p. 83 |
| Proceeds from loans and borrowingsChinese yuan thousands | 870,858 | 205,645 | PDF p. 83 |
| Repayments of loans and borrowingsChinese yuan thousands | (800,961) | (35,935) | PDF p. 83 |
| Repurchase of Restricted A-SharesChinese yuan thousands | (22,665) | – | PDF p. 83 |
| Dividends paidChinese yuan thousands | (857,117) | (385,954) | PDF p. 83 |
| Distributions to non-controlling interestsChinese yuan thousands | – | (14,965) | PDF p. 83 |
| Interest expense paidChinese yuan thousands | (20,208) | (1,480) | PDF p. 83 |
| Repayment of lease liabilitiesChinese yuan thousands | (6,556) | (3,931) | PDF p. 83 |
| Net cash used in financing activitiesChinese yuan thousands | (833,769) | (236,620) | PDF p. 83 |
| Net (decrease)/increase in cash and cash equivalentsChinese yuan thousands | (714,192) | 428,346 | PDF p. 83 |
| Cash and bank balances at beginning of yearChinese yuan thousands | 2,711,533 | 2,283,181 | PDF p. 83 |
| Effect of foreign exchange rate changes on cash and cash equivalentsChinese yuan thousands | 45 | 6 | PDF p. 83 |
| Cash and cash equivalents at end of yearChinese yuan thousands | 1,997,386 | 2,711,533 | PDF p. 83 |
Original report: PDF p. 83 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group — Share capital | 2022Group — Share premium | 2022Group — Retained earnings | 2022Group — Other reserves | 2022Group — Equity attributable to owners | 2022Group — Non-controlling interests | 2022Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Group equity movements — FY2022 source | ||||||||
| At 1 January 2022Chinese yuan thousands | 773,443 | 1,228,740 | 3,890,250 | 504,077 | 6,396,510 | 149,352 | 6,545,862 | PDF p. 75 |
| Total comprehensive income for the yearChinese yuan thousands | – | – | 861,794 | 6,051 | 867,845 | 11,464 | 879,309 | PDF p. 75 Label p. 75 |
| Dividends (note 11A)Chinese yuan thousands | – | – | (386,721) | – | (386,721) | – | (386,721) | PDF p. 75 |
| Distributions to non-controlling interests (note 11B)Chinese yuan thousands | – | – | – | – | – | (14,965) | (14,965) | PDF p. 75 Label p. 75 |
| De-recognition of equity instruments at FVTOCIChinese yuan thousands | – | – | 7,139 | (7,139) | – | – | – | PDF p. 75 Label p. 75 |
| Acquisition of non-controlling interests without change in control (note 17C)Chinese yuan thousands | – | – | – | (323,976) | (323,976) | (126,024) | (450,000) | PDF p. 75 Label p. 75 |
| Acquisition of subsidiary (note 17B)Chinese yuan thousands | – | – | – | (9,274) | (9,274) | 10,666 | 1,392 | PDF p. 75 Label p. 75 |
| Share-based payments (note 25)Chinese yuan thousands | – | – | – | 6,825 | 6,825 | – | 6,825 | PDF p. 75 |
| At 31 December 2022Chinese yuan thousands | 773,443 | 1,228,740 | 4,372,462 | 176,564 | 6,551,209 | 30,493 | 6,581,702 | PDF p. 75 |
Original report: PDF p. 75 ↗
The original FY2022 comparative Group share capital is773,443 at31December2021, while the original FY2021 closing Group table prints777,443. Both whole source versions are retained without replacement.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group — Share capital | 2021Group — Share premium | 2021Group — Retained earnings | 2021Group — Other reserves | 2021Group — Equity attributable to owners | 2021Group — Non-controlling interests | 2021Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Group equity movements — FY2022 source | ||||||||
| At 1 January 2021Chinese yuan thousands | 773,643 | 1,229,980 | 3,353,080 | 486,491 | 5,843,194 | 141,484 | 5,984,678 | PDF p. 75 |
| Total comprehensive income for the yearChinese yuan thousands | – | – | 769,143 | 7,434 | 776,577 | 17,734 | 794,311 | PDF p. 75 Label p. 75 |
| Repurchase and cancellation of Restricted A-SharesChinese yuan thousands | (200) | (1,240) | – | – | (1,440) | – | (1,440) | PDF p. 75 Label p. 75 |
| Dividends (note 11A)Chinese yuan thousands | – | – | (231,973) | – | (231,973) | – | (231,973) | PDF p. 75 |
| Distributions to non-controlling interests (note 11B)Chinese yuan thousands | – | – | – | – | – | (9,866) | (9,866) | PDF p. 75 Label p. 75 |
| Share-based payments (note 25)Chinese yuan thousands | – | – | – | 10,152 | 10,152 | – | 10,152 | PDF p. 75 |
| At 31 December 2021Chinese yuan thousands | 773,443 | 1,228,740 | 3,890,250 | 504,077 | 6,396,510 | 149,352 | 6,545,862 | PDF p. 75 |
Original report: PDF p. 75 ↗
The original FY2022 comparative Group share capital is773,443 at31December2021, while the original FY2021 closing Group table prints777,443. Both whole source versions are retained without replacement.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | 2021Company | 2020Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentChinese yuan thousands | 1,483,273 | 1,457,053 | 1,047,816 | 1,035,555 | PDF p. 61 |
| Investment propertiesChinese yuan thousands | 15,177 | 21,512 | 14,349 | 20,634 | PDF p. 61 |
| Right-of-use assetsChinese yuan thousands | 3,054 | 2,609 | – | – | PDF p. 61 |
| Land use rightsChinese yuan thousands | 182,638 | 188,289 | 156,907 | 161,744 | PDF p. 61 |
| Intangible assetsChinese yuan thousands | 20,270 | 15,734 | 18,568 | 13,045 | PDF p. 61 |
| Investments in subsidiariesChinese yuan thousands | – | – | 535,525 | 498,428 | PDF p. 61 |
| Investments in associatesChinese yuan thousands | 729,660 | 687,538 | 729,660 | 687,538 | PDF p. 61 |
| Other financial assetsChinese yuan thousands | 11,081 | 116,311 | 11,081 | 8,348 | PDF p. 61 |
| Deferred tax assetsChinese yuan thousands | 154,605 | 165,480 | 140,059 | 150,376 | PDF p. 61 |
| Other assetsChinese yuan thousands | 42,333 | 25,259 | 40,067 | 22,415 | PDF p. 61 |
| Total non-current assetsChinese yuan thousands | 2,642,091 | 2,679,785 | 2,694,032 | 2,598,083 | PDF p. 61 |
| Current assets | |||||
| InventoriesChinese yuan thousands | 1,525,089 | 1,487,715 | 1,391,957 | 1,344,912 | PDF p. 61 |
| Trade and other receivablesChinese yuan thousands | 2,011,319 | 2,007,426 | 1,941,982 | 1,918,755 | PDF p. 61 |
| Other financial assetsChinese yuan thousands | 484,464 | – | 374,829 | – | PDF p. 61 |
| Other assetsChinese yuan thousands | 120,940 | 121,127 | 103,188 | 104,942 | PDF p. 61 |
| Cash and cash equivalentsChinese yuan thousands | 2,283,181 | 1,987,334 | 2,055,683 | 1,791,009 | PDF p. 61 |
| Total current assetsChinese yuan thousands | 6,424,993 | 5,603,602 | 5,867,639 | 5,159,618 | PDF p. 61 |
| Total assetsChinese yuan thousands | 9,067,084 | 8,283,387 | 8,561,671 | 7,757,701 | PDF p. 61 |
| Equity | |||||
| Share capitalChinese yuan thousands | 773,443 | 773,643 | 773,443 | 773,643 | PDF p. 61 |
| Share premiumChinese yuan thousands | 1,228,740 | 1,229,980 | 1,228,740 | 1,229,980 | PDF p. 61 |
| Retained earningsChinese yuan thousands | 3,890,250 | 3,353,080 | 3,818,874 | 3,278,987 | PDF p. 61 |
| Other reservesChinese yuan thousands | 504,077 | 486,491 | 553,504 | 536,706 | PDF p. 61 |
| Equity attributable to owners | |||||
| Equity attributable to owners of the CompanyChinese yuan thousands | 6,396,510 | 5,843,194 | 6,374,561 | 5,819,316 | PDF p. 61 Label p. 61 |
| Non-controlling interestsChinese yuan thousands | 149,352 | 141,484 | – | – | PDF p. 61 |
| Total equityChinese yuan thousands | 6,545,862 | 5,984,678 | 6,374,561 | 5,819,316 | PDF p. 61 |
| Non-current liabilities | |||||
| Deferred tax liabilitiesChinese yuan thousands | 4,212 | 3,802 | 4,212 | 3,802 | PDF p. 61 |
| Trade payablesChinese yuan thousands | 12,445 | 30,659 | 12,297 | 30,507 | PDF p. 61 |
| Lease liabilitiesChinese yuan thousands | 1,572 | 1,710 | – | – | PDF p. 61 |
| Other financial liabilitiesChinese yuan thousands | – | 30,000 | – | – | PDF p. 61 |
| Other liabilitiesChinese yuan thousands | 101,124 | 103,471 | 66,757 | 67,618 | PDF p. 61 |
| Total non-current liabilitiesChinese yuan thousands | 119,353 | 169,642 | 83,266 | 101,927 | PDF p. 61 |
| Current liabilities | |||||
| Income tax payableChinese yuan thousands | 9,530 | 10,492 | – | 1,760 | PDF p. 61 |
| Trade and other payablesChinese yuan thousands | 2,145,133 | 1,870,907 | 1,896,456 | 1,598,324 | PDF p. 61 |
| Lease liabilitiesChinese yuan thousands | 1,597 | 1,000 | – | – | PDF p. 61 |
| Other financial liabilitiesChinese yuan thousands | 30,000 | – | – | – | PDF p. 61 |
| Other liabilitiesChinese yuan thousands | 215,609 | 246,668 | 207,388 | 236,374 | PDF p. 61 |
| Total current liabilitiesChinese yuan thousands | 2,401,869 | 2,129,067 | 2,103,844 | 1,836,458 | PDF p. 61 |
| Total liabilitiesChinese yuan thousands | 2,521,222 | 2,298,709 | 2,187,110 | 1,938,385 | PDF p. 61 |
| Total equity and liabilitiesChinese yuan thousands | 9,067,084 | 8,283,387 | 8,561,671 | 7,757,701 | PDF p. 61 |
Original report: PDF p. 61 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Consolidated profit / comprehensive income — FY2021 source | |||
| RevenueChinese yuan thousands | 6,907,544 | 6,603,652 | PDF p. 60 |
| Cost of salesChinese yuan thousands | (4,214,548) | (4,086,048) | PDF p. 60 |
| Gross profitChinese yuan thousands | 2,692,996 | 2,517,604 | PDF p. 60 |
| Interest incomeChinese yuan thousands | 50,483 | 28,072 | PDF p. 60 |
| Dividend incomeChinese yuan thousands | – | 1,447 | PDF p. 60 |
| Other income and gainsChinese yuan thousands | 69,844 | 67,439 | PDF p. 60 |
| Marketing and distribution expensesChinese yuan thousands | (1,556,447) | (1,457,878) | PDF p. 60 |
| Research and development expensesChinese yuan thousands | (161,052) | (149,202) | PDF p. 60 |
| Administrative expensesChinese yuan thousands | (388,769) | (358,552) | PDF p. 60 |
| Finance costsChinese yuan thousands | (1,909) | (2,509) | PDF p. 60 |
| Other lossesChinese yuan thousands | (17,937) | (29,007) | PDF p. 60 |
| Share of results from equity-accounted associatesChinese yuan thousands | 185,597 | 150,644 | PDF p. 60 |
| Profit before taxChinese yuan thousands | 872,806 | 768,058 | PDF p. 60 |
| Income tax expenseChinese yuan thousands | (85,929) | (88,396) | PDF p. 60 |
| Profit for the yearChinese yuan thousands | 786,877 | 679,662 | PDF p. 60 |
| Items that will not be reclassified to profit or loss | |||
| Fair value gain on equity investments measured at fair value through other comprehensive income, net of taxChinese yuan thousands | 2,323 | 5,756 | PDF p. 60 Label p. 60 |
| Share of other comprehensive income/(loss) from equity-accounted associates, net of taxChinese yuan thousands | 5,111 | (26,313) | PDF p. 60 Label p. 60 |
| Total other comprehensive income/(loss) for the yearChinese yuan thousands | 7,434 | (20,557) | PDF p. 60 |
| Total comprehensive income for the yearChinese yuan thousands | 794,311 | 659,105 | PDF p. 60 |
| Profit for the year attributable to: Owners of the CompanyChinese yuan thousands | 769,143 | 661,705 | PDF p. 60 Label p. 60 |
| Non-controlling interestsChinese yuan thousands | 17,734 | 17,957 | PDF p. 60 |
| SubtotalChinese yuan thousands | 786,877 | 679,662 | PDF p. 60 |
| Total comprehensive income for the year attributable to: | |||
| Owners of the CompanyChinese yuan thousands | 776,577 | 641,148 | PDF p. 60 |
| Non-controlling interestsChinese yuan thousands | 17,734 | 17,957 | PDF p. 60 |
| SubtotalChinese yuan thousands | 794,311 | 659,105 | PDF p. 60 |
Original report: PDF p. 60 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Earnings per share currency unit | |||
| Basic and dilutedChinese yuan per share | 0.99 | 0.86 | PDF p. 60 |
Original report: PDF p. 60 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group — Share capital | 2021Group — Share premium | 2021Group — Retained earnings | 2021Group — Other reserves | 2021Group — Equity attributable to owners | 2021Group — Non-controlling interests | 2021Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Group equity movements — FY2021 source | ||||||||
| At 1 January 2021Chinese yuan thousands | 773,643 | 1,229,980 | 3,353,080 | 486,491 | 5,843,194 | 141,484 | 5,984,678 | PDF p. 62 |
| Total comprehensive income for the yearChinese yuan thousands | – | – | 769,143 | 7,434 | 776,577 | 17,734 | 794,311 | PDF p. 62 Label p. 62 |
| Repurchase and cancellation of Restricted A-SharesChinese yuan thousands | (200) | (1,240) | – | – | (1,440) | – | (1,440) | PDF p. 62 Label p. 62 |
| Dividends (note 11A)Chinese yuan thousands | – | – | (231,973) | – | (231,973) | – | (231,973) | PDF p. 62 |
| Distributions to non-controlling interests (note 11B)Chinese yuan thousands | – | – | – | – | – | (9,866) | (9,866) | PDF p. 62 Label p. 62 |
| Share-based payments (note 25)Chinese yuan thousands | – | – | – | 10,152 | 10,152 | – | 10,152 | PDF p. 62 |
| At 31 December 2021Chinese yuan thousands | 777,443 | 1,228,740 | 3,890,250 | 504,077 | 6,396,510 | 149,352 | 6,545,862 | PDF p. 62 |
Original report: PDF p. 62 ↗
Original Group closing share capital777,443 differs by4,000thousand RMB from its capital bridge, balance-sheet773,443 and whole FY2022 comparative773,443. The source value is retained without replacement.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Group — Share capital | 2020Group — Share premium | 2020Group — Retained earnings | 2020Group — Other reserves | 2020Group — Equity attributable to owners | 2020Group — Non-controlling interests | 2020Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Group equity movements — FY2021 source | ||||||||
| At 1 January 2020Chinese yuan thousands | 768,873 | 1,198,817 | 2,881,174 | 539,310 | 5,388,174 | 135,032 | 5,523,206 | PDF p. 62 |
| Total comprehensive income for the yearChinese yuan thousands | – | – | 661,705 | (20,557) | 641,148 | 17,957 | 659,105 | PDF p. 62 Label p. 62 |
| Issuance of shares under Restricted A-Share Incentive SchemeChinese yuan thousands | 4,870 | 31,783 | – | – | 36,653 | – | 36,653 | PDF p. 62 Label p. 62 |
| Repurchase and cancellation of Restricted A-SharesChinese yuan thousands | (100) | (620) | – | – | (720) | – | (720) | PDF p. 62 Label p. 62 |
| Appropriation of statutory common reserve (note 26B)Chinese yuan thousands | – | – | (420) | 420 | – | – | – | PDF p. 62 Label p. 62 |
| Transfers from fair value reserve to retained earnings upon de-recognition of other financial assets measured at fair value through other comprehensive incomeChinese yuan thousands | – | – | 42,432 | (42,432) | – | – | – | PDF p. 62 Label p. 62 |
| Dividends (note 11A)Chinese yuan thousands | – | – | (231,811) | – | (231,811) | – | (231,811) | PDF p. 62 |
| Distributions to non-controlling interests (note 11B)Chinese yuan thousands | – | – | – | – | – | (11,505) | (11,505) | PDF p. 62 Label p. 62 |
| Share-based payments (note 25)Chinese yuan thousands | – | – | – | 9,750 | 9,750 | – | 9,750 | PDF p. 62 |
| At 31 December 2020Chinese yuan thousands | 773,643 | 1,229,980 | 3,353,080 | 486,491 | 5,843,194 | 141,484 | 5,984,678 | PDF p. 62 |
Original report: PDF p. 62 ↗
Where the money comes from
| Item / unit | 2025Revenue (RMB'000) | 2025Cost of sales (RMB'000) | 2025Gross profit (RMB'000) | 2024Revenue (RMB'000) | 2024Cost of sales (RMB'000) | 2024Gross profit (RMB'000) | Source |
|---|---|---|---|---|---|---|---|
| Chinese medicineRMB'000 | 4,461,170 | (963,855) | 3,497,315 | 5,657,331 | (2,362,850) | 3,294,481 | PDF p. 161 |
| Western medicineRMB'000 | 89,939 | (47,147) | 42,792 | 1,192,007 | (1,152,751) | 39,256 | PDF p. 161 |
| UnallocatedRMB'000 | 366,227 | (346,621) | 19,606 | 457,398 | (346,220) | 111,178 | PDF p. 161 |
| TotalRMB'000 | 4,917,336 | (1,357,623) | 3,559,713 | 7,306,736 | (3,861,821) | 3,444,915 | PDF p. 161 |
Unlabelled total row printed beneath Unallocated. Segments: Chinese medicine and Western medicine; items outside are unallocated.
Other than the information disclosed, no reconciliation of segment profit or loss and assets and liabilities to the Group's is disclosed as these are unallocated.
No individual customer contributes more than 10% of revenue in 2025 and 2024.
The Group operates mainly in the PRC. As a result, segmental information by geographical areas is not meaningful. Non-current assets are mainly located in the PRC.
Unlabelled total row printed beneath Unallocated. Comparative year of the same note 36 table.
The Group operates mainly in the PRC; geographical segmental information is not meaningful.
Debt
| Item / unit | 2025Less than 1 year, RMB'000 | 20252 to 5 years, RMB'000 | 2025Total, RMB'000 | Source |
|---|---|---|---|---|
| Group 2025 | ||||
| Other financial liabilitiesRMB'000 | 58,058 | – | 58,058 | PDF p. 157 |
| Lease liabilitiesRMB'000 | 3,340 | 5,207 | 8,547 | PDF p. 157 |
2024 Group comparatives: Other financial liabilities 22,103 / – / 22,103; Lease liabilities 2,726 / 5,297 / 8,023 (on same page).
| Item / unit | 2025Less than 1 year, RMB'000 | 20252 to 5 years, RMB'000 | 2025Total, RMB'000 | 2024Less than 1 year, RMB'000 | 20242 to 5 years, RMB'000 | 2024Total, RMB'000 | Source |
|---|---|---|---|---|---|---|---|
| Group | |||||||
| Other financial liabilitiesRMB'000 | 58,058 | – | 58,058 | 22,103 | – | 22,103 | PDF p. 157 |
| Lease liabilitiesRMB'000 | 3,340 | 5,207 | 8,547 | 2,726 | 5,297 | 8,023 | PDF p. 157 |
2024 Group comparatives: Other financial liabilities 22,103 / – / 22,103; Lease liabilities 2,726 / 5,297 / 8,023 (on same page).
| Item / unit | 2025Less than 1 year, RMB'000 | 20252 to 5 years, RMB'000 | 2025Total, RMB'000 | Source |
|---|---|---|---|---|
| Company 2025 | ||||
| Other financial liabilitiesRMB'000 | 48,864 | – | 48,864 | PDF p. 158 |
| Lease liabilitiesRMB'000 | 1,253 | 481 | 1,734 | PDF p. 158 |
Company 2024: Other financial liabilities 20,056 / – / 20,056; no lease liabilities line.
| Item / unit | 2025Group, RMB'000 | 2024Group, RMB'000 | 2025Company, RMB'000 | 2024Company, RMB'000 | Source |
|---|---|---|---|---|---|
| Other financial liabilities | |||||
| Bank loans (unsecured)RMB'000 | 5,000 | 2,000 | – | – | PDF p. 145 |
| Bills payablesRMB'000 | 52,903 | 19,653 | 48,864 | 19,653 | PDF p. 145 |
| Total other financial liabilitiesRMB'000 | 57,903 | 21,653 | 48,864 | 19,653 | PDF p. 145 |
Total row has no printed label.
| Item / unit | 2025Group, RMB'000 | 2024Group, RMB'000 | 2025Company, RMB'000 | 2024Company, RMB'000 | Source |
|---|---|---|---|---|---|
| Unsecured loans; interest rate 2.70%, maturity 2025 | |||||
| Bank loansRMB'000 | – | 2,000 | – | – | PDF p. 145 |
| Unsecured loans; interest rate 3.00 – 3.20%, maturity 2026 | |||||
| Bank loansRMB'000 | 5,000 | – | – | – | PDF p. 145 |
Interest rate (%) and maturity year printed as columns: 2.70% maturing 2025; 3.00 – 3.20% maturing 2026. All loans unsecured; currency RMB.
| Item / unit | 2025Group, RMB'000 | 2024Group, RMB'000 | 2025Company, RMB'000 | 2024Company, RMB'000 | Source |
|---|---|---|---|---|---|
| Lease liabilities | |||||
| Non-currentRMB'000 | 4,658 | 5,603 | 510 | – | PDF p. 144 |
| CurrentRMB'000 | 3,125 | 1,329 | 1,190 | – | PDF p. 144 |
| Undiscounted lease payments due | |||||
| – Year 1RMB'000 | 3,340 | 2,726 | 1,253 | – | PDF p. 144 |
| – Year 2RMB'000 | 2,568 | 1,914 | 481 | – | PDF p. 144 |
| – Year 3RMB'000 | 1,766 | 1,661 | – | – | PDF p. 144 |
| – Year 4RMB'000 | 873 | 1,590 | – | – | PDF p. 144 |
| – Year 5RMB'000 | – | 132 | – | – | PDF p. 144 |
| Less: Unearned interest costRMB'000 | (764) | (1,091) | (34) | – | PDF p. 144 |
Total lease liabilities 7,783 / 6,932 / 1,700 / – ; undiscounted total 8,547 / 8,023 / 1,734 / – (unlabelled total rows).
Leases typically run 2 to 3 years; lease liabilities are secured by the lessors' title to the leased assets.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | The Board considers that it is imperative to balance the Group’s needs with the need to encourage shareholder loyalty. Accordingly, taking into account various factors such as the Group’s cash flow and financial position, capital needs, and possible expansion plans, the Board will determine the frequency and appropriate amount of dividends to be declared in any financial year. | Group | PDF p. 57 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Final dividends for the year ended 31 December 2024 (2024: 31 December 2023) | 1.28 cents per share | Group and Company; final dividend for FY2024 paid in 2025; comparative column 2024 is final for FY2023 | PDF p. 153 |
| Interim dividends for the year ended 31 December 2025 | 2.45 cents per share | Group and Company; 2025 | PDF p. 153 |
| Dividends to owners of the Company total | 3.73 cents per share | Group and Company; 2025 (comparative 2024: 1.28) | PDF p. 153 |
| Proposed final dividend FY2025 | RMB23.4 for every 10 shares | Company; proposed 30 March 2026 for year ended 31 December 2025 · As at 2026-03-30 | PDF p. 153 |
Extracted from TIANJIN PHARMACEUTICAL DA REN TANG GROUP CORPORATION LIMITED — Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Auditor | Foo Kon Tan LLP | Group | PDF p. 75 |
| Engagement partner | Chin Bo Wui | Group | PDF p. 75 |
| Opinion | give a true and fair view | Group and Company | PDF p. 72 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Net realisable value of inventories | The assessment of net realisable value of inventories involves a significant degree of management’s judgement. | Group | PDF p. 72 |
| Impairment of trade receivables | The allowance for impairment of trade receivables is estimated by management through the application of judgement and use of subjective assumptions. | Group | PDF p. 73 |
Extracted from TIANJIN PHARMACEUTICAL DA REN TANG GROUP CORPORATION LIMITED — Annual Report 2025 and checked against the cited pages; see the original report for full context.
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow TIANJIN PHARMACEUTICAL DA REN TANG GROUP CORPORATION LIMITED — Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Primary amounts are Chinese yuan (RMB) thousands, with EPS in RMB per share. The SGX USD trading counter does not change the reported financial currency. The report prints Group consolidated profit/comprehensive income and cash flows, Group/Company balance sheets and equity movements. Separate primary Company profit/comprehensive-income/cash-flow statements are not printed; Company comprehensive income/profit is retained in its equity movements.
The Note32 rate-unit header prints Cents per share / RMB for values1.28/2.45/3.73; the source ambiguity is recorded and no cent/yuan conversion is inferred. The proposal separately and explicitly states RMB23.4per10shares.
The original FY2022 Group equity table, including its comparative FY2021, is separately retained to corroborate the original FY2021 closing share-capital discrepancy.
OriginalFY2021 Group closing share capital777,443 has a4,000thousand-RMB component/bridge discrepancy. The corroborating FY2022 comparative773,443 is separately retained; source completeness does not imply every original printed figure reconciles.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.